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from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase on the debt limit, like forever. four days ago we offered a serious proposal, based on testimony of president clinton's former chief of staff. since then, there's been no
't know it. look at the leadership that we have leading us. i mean, it's like lemmings. come on. >> all right. that's what's being said right now. joining us from capitol hill is nbc news correspondent mike viqueira. we have some elements from what we understand to be a deal at the moment. what would you say the mood is right now? what are some of the other details? break it down for us. >> richard, it's funny. at this point we're stuck sort of reading tea leaves. yes, we've had indications with more detail than we've got in days on what the outlines of that deal might be. but i got to tell you any deal if it were to pass both houses of congress here in the last 12 hours before midnight would carry with it the seeds of further confrontation and not that much further down the road. maybe two, perhaps three months. let's take a look one more time at what is being discussed now. mitch mcconnell and joe biden talked into the wee hours until 12:30 last night and 6:30 this morning. $450,000 as the threshold for couples, $400,000 for individuals over which your taxes would go up about four per
have been -- has been to use the middle class tax cuts as leverage to try and extract these super big tax breaks for very wealthy individuals, including now their focus on trying to get 7,200 estates, an average tax break of 1.2 million. this is the top fraction of 1% of the super wealthiest estates, inheritance taxes in the country. they apparently want to put more silver spoons in more people's mouths and provide this big break. again, the sorry part of the story is they're using the middle class to extract these concessions for very wealthy individuals. >> at this late hour, are we going to be dealing with that level of negotiation? is it more the big picture stuff? for example, what would the number be in terms of whose rate would stay the same, whose would go up, $250,000, $400,000, $500,000. are we looking at bigger generalities if we're going to get this done in the next 30 hours? >> that's certainly part of it, where the threshold would be. but this estate tax represents about $140 billion. that's not a trivial amount. republicans proposed increasing the burden on medicare ben
this on twitter, most of us agree the chained cpi is off the table in these negotiations. president obama continued to put public pressure on republicans during his appearance on "meet the press" today. >> it is very important for republicans in congress to be willing to say, we understand we're not going to get 100%, we're willing to compromise in a serious way. >> joined by congressman barney frank of massachusetts. it is good to see you, congressman. good evening. >> thank you. >> you're coming -- the senate's coming back at 11:00 tomorrow morning. what are chances there will be something to vote on, do you think? >> i think there are very good chances there will be something to vote on. the question is whether it will be a bipartisan agreement or simply the senate democrats putting a vote and hoping republicans will vote for it. trying to get an agreement is difficult because that gives right wing of the republican party this big veto. a number of republican senators, not just those generally considered to be moderate, have said that they agree that it is important now to keep taxes f
ederter for politics and news at yahoo! news. she has become a weekend pal. thanks for being back with us, both of you. let's start with the debt limit, we're talking about the debt limit, again. do republicans believe this is their ace in the hole? >> i sure hope they don't. i think the president has the stronger hand on this. number one, he won the election. we're all discussing that. he has the stronger hand in general. the other thing is that everybody remembers what we went through two summers ago. the summer of 2011 when the nation went through default. people felt that the president handled the situation badly, but they felt the republican congress was much worse in that particular negotiation. i don't think the republicans in trying to reestablish their brand want to get back into that fight and look like they want to have the ability to hold up the debt ceiling and then potentially bring the nation back to the edge of default, again. >> i want to play a snippet here of what majority leader harry reid said this week said about the fiscal. >> we would be somewhat foolish to work ou
packages. gun control probably will be on the table and the gun lobby will get used to it. i was surprised that the nra didn't give up some small concession. it seemed they might so they could be a player in the debate. of course, they doubled down as you said. i think we will see a lot more discussion next year. it is not going to fade because the president has made it a priority going into january. >> it is interesting because republicans and conservatives have been taking a step away from their stance on guns. back in 1995 three weeks after the oklahoma city bombing former president george h bush resigned as agents were called jackbooted thugs. do you think that other lawmakers will take bold steps away from the nra or stay put? >> in a word, no. as a matter of fact i think those who have made steps away from the nra will probably make bold steps back to the nra because they know it is the politicly expedient thing to do. we have a continuation of the massacres that occur periodically in this country and nobody seems to be willing to do anything. even if they come up with another assaul
house are using words like stalemate, impas, radical and scrooge. we'll go behind the silly terms of the debate and also take you through all the sticking points holding back that will do one-by-one over the next three hours. we start today with the very latest move by democratic leader nancy pelosi who is threatening a power play move to force a vote on extending middle class tax cuts. this morning, president obama also pushed away republican senator orrin hatch called his proposal, radical. >> it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the we weltmist americans. >> what he proposed this week is a classic bait and switch on the american people. a tax increase doubled the size of what he campaigned on. >> joining me now nbc news white house correspondent mike viqueira. mike, let's talk about this thing. this is the time the lawmakers are breaking out the rule book to find some tricks. how does pelosi think she can force a vote on middle class tax cuts? >> it's funny, craig, the presi
to play the blame game. this is about to put us over the edge. >> perry, i want to start with you. if perception is reality and the blame is going to matter to somebody, which side is it really going to matter to? ivities the blame is on both sides. what's driven this whole process is republicans are very opposed to -- just the republicans who will vote for any tax increase. we learned last week from the plan b vote. once we go over the cliff, republicans are ready for a tax cut, not an increase. right now that's what the big challenge is. >> chip, is that the biggest strategy here, get to the third and pass the third, the new congress comes in, boehner danger doesn't exist anymore, his speakership stays in place and grover norquist gives a thumbs up to up? >> i don't think that was the strategy a week ago. i think the speaker was trying to put the deal together, as we've seen the senate not -- i think that may become the strategy. i've always thought they would wait until the last hour, put a band eight on it, but wait until the iii so they can vote for a tax cut makes sense as w
problem. he's saying what's worse. what he is saying is use blackmail on the entire economy like a gangster. pity if it happens to blow up. not increasing the debt ceiling -- >> already did that before. they have done it before. >> they have. >> and will do it again. >> frankly, that is obnoxious beyond belief. the president should not concede or negotiate on that basis at all. >> the president is adamant on the fact that's not a part of this conversation. >> it cannot be a part of any conversation. the debt ceiling is not a question of borrowing more. you determine how much deficit you will have passing the budget two, three, four years ago. >> correct. >> to say you won't raise the debt ceiling is to say you're not going to pay the bills and wreck the economy. increasing the debt ceiling is not optional. we have raised it 77 times since world war ii. seven times in the bush administration. there's always been a demagogue ri but never until last year an attempt to hold the country hostage and the reason in the crisis with the fiscal cliff now is because that's a consequence of t
out. craig? >> republicans are going to have to show a little more ankle. i'll be using that. mike viquiera, from 1600 pennsylvania, thank you, good sir. so will a deal get done by the january 1st deadline? here's what one prominent republican senator had to say this morning. >> i think we're going off the cliff. it's pretty clear to me they've made a political calculation. you can limit deductions to $40,000, $50,000 a person which takes care of the middle class, upper-income americans will lose about $800 billion in revenue. the president's plan when it comes to entitlement reform is quite frankly a joke. i don't think they're serious about finding a deal. >> joining me are our special panelist of journalists, anna marie cox and karen tumblty, a political reporter for the "washington post." good sunday afternoon to both of you. >> anna marie, let me start with you. for about two days after the election, everyone is holding hands, singing kumbaya. no one is singing any more. all of that optimism seems to have disappeared. we're hearing more lawmakers saying publicly, we just heard
next? with us nbc news capitol hill correspondent mike vic rah and nbc news white house correspondent kristen welker. mike, let's get started with you. what's happening right now in the senate. i understand there's an update on the chained cpi. >> reporter: they say the darkest hour right before the dawn, melissa. everybody ought to hope that's true, at least if you don't want to see your taxes go up on midnight on monday and tuesday night because everything seems to be at a standstill right now. let's review the bidding. here it is from a republican source here on the republican side of capitol hill. all day yesterday they were trading proposals back and forth. by his count two democratic offers came back to republicans and four came back from republicans to democrats. the last one being at 7:00 last night, and, boom, after that, things pretty much came to a standsti standstill. no offers. republicans say they have not heard from democrats since then. mitch mcconnell, of course, the republican leader here in the senate, has said he has reached out to joe biden, the vice president, an
a solution. give us one, john. >> meanwhile, president obama is spending christmas in hawaii where he and the first lady attended the holiday memorial service for the late u.s. senator from daniel inouye. >> white house correspondent kristen welker. kristen, obviously they always say the white house travels with the president wherever he is. that's where the white house is. the president, though, is enjoying vacation, but still continuing to keep tabs on the fiscal cliff negotiations, correct? >> he is. white house officials describe this as a working vacation. i think there have been maybe a few conversations at the staff level about the fiscal cliff, but the reality is, thomas, the negotiations have largely stalled. you remember president obama on friday urging lawmakers to take this time off to really cool off, come back later this week with a appreciate perspective. i think you're going to see the hard work, the real negotiations resume when lawmakers go back into session after the christmas holiday. now, last week it seemed as though president obama, house speaker john boehner we
Search Results 0 to 11 of about 12